TY  - RPRT
        AU  - Gendron-Carrier, Nicolas
        TI  - Prior Work Experience and Entrepreneurship: The Careers of Young Entrepreneurs
        PY  - 2023/May/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 16145
        UR  - https://www.iza.org/publications/dp16145
        AB  - I investigate the mechanisms that drive sorting into entrepreneurship and entrepreneurial success among young individuals. I use Canadian matched owner-employeremployee data to conduct my investigation. Empirically, older entrepreneurs and entrepreneurs who have previously worked in high-wage firms tend to do better. To explain these findings, I develop a dynamic Roy model of career choice that features heterogeneous employers, human capital accumulation, and unobserved heterogeneity across individuals. Among other things, I find that prior work experience is particularly valuable for "subsistence" entrepreneurs. I use the estimated model to evaluate policies designed to promote entrepreneurship. 
        KW  - dynamic Roy model
KW  - career choice
KW  - firm heterogeneity
KW  - human capital
KW  - entrepreneurship
KW  - unobserved heterogeneity
        ER  -